My Car Was Totaled. Isn’t The Company Required To Give Me The Actual Cash Value?
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UPDATED: Jul 16, 2021
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The actual cash value refers to what it would cost to replace your vehicle with one in similar condition. In making this cost calculation, conditions such as mileage, previous unrepaired damage, and tire wear are considered. Ultimately, the value to the insurer may not be the same as the market price of a car of the same make, model and year.